10 months ago

NAFL Directory 14-02-2018 LR

Free Zone

Free Zone NAFL-Yearbook 2018 100% foreign ownership at free zones Across the seven emirates of the UAE—Dubai, Abu Dhabi, Sharjah, Fujairah, Ras Al Khaimah, Umm Al Quwain and Ajman—are designated free trade zones allowing 100 percent foreign ownership of companies. Collectively, the UAE has more than 45 free zones, the highest in the region and accounting for about 25 percent of all free zones in the Arab world. Fr e e z o n e s h a v e t h e i r o w n regulations, including special tax, customs and import duties, and may be broadly categorized as seaport, airport and mainland trading areas. Primarily, they offer the following exemptions: Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ 100% foreign ownership of the enterprise 100% import and export tax exemptions 100% repatriation of capital and profits Corporate tax exemptions for up to 50 years No personal income taxes A s s i s t a n c e w i t h l a b o r recruitment and additional support services, such as sponsorship and housing Each free zone has one or more business industry categories whereby investors can register their companies and be issued operating licenses by the independent Free Zone Authority (FZA) concerned. Dubai Dubai has the most number of free zones at 24 contributing as much as 33 percent to the emirate's GDP, according to the UAE government. More than 30,000 companies with about 330,000 employees work in Dubai's free zones. Jebel Ali Free Zone (Jafza)-The flagship free zone subsidiary of global trade enabler DP World recently opened the “Jafza Bridge” for traffic, linking Jafza North and Jafza South across Sheikh Zayed Road further enhancing the efficacy of the Dubai Logistics Corridor which links the port, free zone and airport under a unified customs bond, creating one of the most efficient sea – air logistics link in the world. Jafza offers a customized platform | 333 |

| NAFL-Yearbook 2018 Free Zone for global connectivity including plots of land, warehouses, showrooms, customized development solutions, offices, retail outlets, a business park and even on-site residences. Visit for more information Dubai International Financial Center (DIFC): Established in 2004, DIFC is major global financial center for the Middle East, Africa and South Asia (MEASA) markets. Spread over a 110-hectare land, DIFC has its own independent, internationally regulated regulator and judicial system, common law f r a m e w o r k , g l o b a l fi n a n c i a l exchange, tax-friendly regime, and a large, cosmopolitan business community. Dubai Airport Free Zone (DAFZA): Established in 1996, Dafza is one of the busiest and fastest growing free zones in the region equipped with modern offices, thermally insulated and purpose-built units, conference rooms, a lecture hall, a business lounge and telecommunication services. Its inner area is home to 1,600 companies engaged in key industries such as IT, telecoms, aerospace and aviation, logistics and freight, among others, operating across 13 buildings and 256 warehouses. Other Dubai free zones: Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Dubai Academic City Dubai Biotechnology & Research Park (DuBiotech) Dubai Car and Automotive City Free Zone (DUCAMZ) Dubai Design District Dubai Gold and Diamond Park Dubai Healthcare City Dubai Industrial City (DIC) Dubai International Academic City Dubai International Financial Centre Dubai Internet City (DIC) Dubai Knowledge Village Dubai Logistics City Dubai Media City Dubai Multi Commodities Centre or Jumeirah Lakes Towers Free Zone Dubai Outsource Zone Dubai Silicon Oasis Dubai Studio City Dubai Techno Park Dubai Technology and Media Free Zone | 333

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